Following is a partial production cost report for Mitchell Manufacturing's Canning department Equivalent units of production (EUP) Completed and transferred out Ending Work in Process Cost per EUP Cost of beginning work in process Costs added this period Total costs + Equivalent units of production Cost per EUP Units 80,000 12,000 Direct Materials Percent Complete 100% 100% Direct Materials $ 43,000 144,000 $ 187,000 92,000 $ 2.03 per EUP The total conversion costs transferred out of the Canning department equals: EUP 80,000 12,000 92,000 Conversion $ 63,200 193,600 $ 256,800 88,400 Conversion Percent Complete 100% 80% $ 2.90 per EUP EUP 80,000 8,400 88,400

Following is a partial production cost report for Mitchell Manufacturing's Canning department Equivalent units of production (EUP) Completed and transferred out Ending Work in Process Cost per EUP Cost of beginning work in process Costs added this period Total costs + Equivalent units of production Cost per EUP Units 80,000 12,000 Direct Materials Percent Complete 100% 100% Direct Materials $ 43,000 144,000 $ 187,000 92,000 $ 2.03 per EUP The total conversion costs transferred out of the Canning department equals: EUP 80,000 12,000 92,000 Conversion $ 63,200 193,600 $ 256,800 88,400 Conversion Percent Complete 100% 80% $ 2.90 per EUP EUP 80,000 8,400 88,400

Name: D1. Following is a partial production cost report for Mitchell Manufac
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Description: D1. Following is a partial production cost report for Mitchell Manufacturing's Canning department.Equivalent units of production (EUP)Completed and transferred outEnding Work in ProcessCost per EUPCost of beginning work in processCosts added this per

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
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The Converting Department of Tender Soft Tissue Company uses the weighted average method and had 1,900 units in work in process that were 60% complete at the beginning of the period. During the period, 15,800 units were completed and transferred to the Packing Department. There were 1,200 units in process that were 30% complete at the end of the period. a. Determine the number of whole units to be accounted for and to be assigned costs for the period. b. Determine the number of equivalent units of production for the period. Assume that direct materials are placed in process during production.
The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?
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The Converting Department of Worley Company had 2,400 units in work in process at the beginning of the period, which were 35% complete. During the period, 10,800 units were completed and transferred to the Packing Department. There were 1,900 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs.
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